The Financial Services Act 2021

The first step in shaping the UK's financial services regime post-Brexit.

On 29 April 2021, the Financial Services Act 2021 (the Act) received Royal Assent. It is seen as the UK’s first step in control of the financial services regulatory framework post-Brexit and ensuring that the UK remains an “open and dynamic financial centre” while delivering on the Government’s vision for a more open, technologically advanced and greener industry.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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